Note M - Segment Reporting

3 Months Ended

Sep. 02, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE M – SEGMENT REPORTING

Our President and Chief Executive Officer, who is our chief operating decision maker, with the assistance of our senior management, reviews discrete financial information for both the Ruby Tuesday and Lime Fresh restaurant concepts to assess performance and allocate resources. We consider the Ruby Tuesday and Lime Fresh concepts to be our reportable segments as we do not believe they have similar economic and other characteristics to be aggregated into a single reportable segment. Financial results by reportable segment for the 13 weeks ended September 2, 2014 and September 3, 2013 are as follows (in thousands):

	Thirteen weeks ended
	September 2, 2014			September 3, 2013
Revenues:
Ruby Tuesday concept	$	276,043		$	284,022
Lime Fresh concept		5,139			5,652
Total revenues	$	281,182		$	289,674
Segment profit:
Ruby Tuesday concept	$	30,389		$	9,851
Lime Fresh concept		(176	)		(2,454	)
Total segment profit	$	30,213		$	7,397
Depreciation and amortization:
Ruby Tuesday concept	$	12,263		$	13,792
Lime Fresh concept		423			499
Support center and other		552			583
Total depreciation and amortization	$	13,238		$	14,874
Capital expenditures:
Ruby Tuesday concept	$	6,341		$	8,242
Lime Fresh concept		49			2,366
Support center and other		587			551
Total capital expenditures	$	6,977		$	11,159

Total assets by reportable segment as of September 2, 2014 and June 3, 2014 are as follows (in thousands):

	September 2, 2014		June 3, 2014
Total assets:
Ruby Tuesday concept	$	816,194	$	824,293
Lime Fresh concept		14,522		15,203
Support center and other		120,032		116,931
Total assets	$	950,748	$	956,427

The following is a reconciliation of segment profit to loss from continuing operations before taxes for the 13 weeks ended September 2, 2014 and September 3, 2013 (in thousands):

	Thirteen weeks ended
	September 2, 2014			September 3, 2013
Segment profit	$	30,213		$	7,397
Less:
Depreciation and amortization		(13,238	)		(14,874	)
Unallocated general and administrative expenses		(10,962	)		(11,897	)
Interest expense, net		(5,422	)		(6,753	)
Preopening expenses		(89	)		(354	)
Other expense, net		(571	)		(571	)
Loss from continuing operations before income taxes	$	(69	)	$	(27,052	)